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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 27, 2024
Jul. 29, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (4,946) $ 19,196
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 4,893 4,669
(Gain) loss on sale of property, equipment and other assets (20) 11
Share-based compensation 520 557
Equity in loss of affiliates 931 690
Provision for doubtful accounts, net 265 (65)
Deferred income taxes, net 13 12
Non-cash impairment charges 0 442
Change in fair value of convertible note 21,590 7,260
Debt issuance costs write-off 0 3,353
Change in operating assets and liabilities (3,765) (16,875)
Net cash provided by operating activities 19,481 19,250
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (5,081) (4,547)
Proceeds from sales of property, equipment and other assets 45 27
Proceeds from sales or maturities of marketable securities 0 0
Purchases of equity and loans to equity investees (933) (1,186)
Net cash used in investing activities (5,969) (5,706)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on notes payable 0 40,000
Payments on notes payable (983) (17,750)
Principal payments on long-term obligations (103) (102)
Debt issuance costs 0 (5,838)
Proceeds from exercise of stock options 3,148 46
Net cash provided by financing activities 2,062 16,356
EFFECT OF EXCHANGE RATE CHANGES ON CASH (64) (240)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 15,510 29,660
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 81,678 24,690
End of period 97,188 54,350
Cash paid for:    
Interest 889 97
Income taxes, net of refunds 9,081 5,771
Supplemental schedule of non-cash investing and financing activities:    
Purchases of property and equipment included in accounts payable 2,909 839
Contributions of common stock under the ESPP $ 569 $ 614